Raiffeisen Bank cooperates with companies supplying Russian army, Bloomberg reports

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Austrian bank Raiffeisen makes millions from services it provides to Russian firms producing for the Russian military. This was reported by Bloomberg, which has seen documents on the transactions. Following the release of that report, the bank's shares fell 6.4 percent on the Vienna Stock Exchange.

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Austria's Raiffeisen Bank International AG earns money from companies that supply products to the Russian military, writes Ukrainska Pravda, citing Bloomberg.

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With the start of the Russian invasion of Ukraine almost three years ago, most Western banks withdrew from the world's largest country by area. Raiffeisenbank International AG is one of the few that have remained. Research by "Bloomberg" has now revealed that some of its customers are probably connected to the Russian army. The Russian business is very complex for Raiffeisen. On the one hand, it is extremely profitable, but on the other hand, th…

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Raiffeisen Bank’s clients include companies that supply the Russian military as it continues its war against Ukraine, Bloomberg reported on Monday, citing bank statements and other documents obtained by the agency. The Austrian bank, which operates the…

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Raiffeisen Bank Profits from Firms Supplying Russian Military

Raiffeisen Bank International (RBI) earned €1 billion in profit after tax from its Russian unit in the first three quarters of 2024

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Raiffeisen Bank Clients in Russia Help Supply Putin’s War Machine

Vienna-based Raiffeisen Bank International AG has been making money from firms supplying Vladimir Putin’s military, according to documents seen by Bloomberg, as the Russian army grinds forward in Ukraine.